There are differing forecasts regarding the pandemic which range from back to normal early next year, summer at the latest, all the way through to stock up on ammunition and be ready to live off the grid in a remote part of Montana. The reality will be somewhere in between and subject to variables and decisions beyond our control. The best case involves a cure or vaccine becoming available in the near future and the worst involves a collapse of the global financial system.
Your perspective is coloured by your personal situation, it's a recession when your neighbour loses his job and a depression when you lose yours.
At the moment there is cause for being optimistic, countries which were affected early on are now getting back to normal. Back in March and April all we saw was the deaths and infections with no end in sight and the news kept getting worse every day.
Airlines have been severely affected, even the best run and profitable ones couldn't stand up to being grounded for months unless they had government support. It's a matter of who comes out least worst rather than who comes out best.
Eventually we will recover, Germany and Japan were bombed out wrecks after WW2 but went onto rebuild.
If I was in the military I would stay in and sit this one out for a while. Staying current and having a regular income beats casual work stacking shelves in a supermarket. In a few months we should have an idea of what the new normal will be like.